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NFTpay, a Miami-based purchasing solution for non-fungible tokens, is accepting American Express and Discover cards for purchase of NFTs. These are assets that have been tokenized via a blockchain and assigned unique identification codes and metadata that distinguish them from other tokens.
With NFTpay’s credit card purchasing solution, consumers can purchase NFTs without cryptocurrency and without having to open a cryptocurrency wallet, thereby simplifying the NFT purchasing process.
“We make it possible for you to launch your own NFT project and have users easily buy your NFTs quickly with their credit card. No crypto wallet needed,” NFTpay chief executive and co-founder Mike Krilivsky, says in a statement. “Whether you’re a marketplace, 10k NFT collection, or Web site that’s selling NFTs, with NFTpay you can add a credit card option to increase your sales.”
In other cryptocurrency news, Italian luxury sports-car maker Ferrari S.p.A. is accepting cryptocurrency at its dealerships in the United States and Europe, according to a report from Reuters. The decision to accept cryptocurrency in those markets was reportedly made in response to consumer demand.
Ferrari will use BitPay to process its cryptocurrency transactions and will accept Bitcoin, Ethereum, and USD Coin, a stablecoin backed by the U.S. dollar. To help Ferrari dealers avoid the volatility around cryptocurrency values, BitPay will immediately turn cryptocurrency payments into traditional currency.
“This was one of our main goals, [to avoid] both our dealers and us … directly [handling] cryptocurrencies and being shielded from their wide fluctuations,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, told Reuters. Galleria added that that the majority of its U.S. dealers have already signed up, or are about to agree, to accept cryptocurrency for purchases.
